Rise in Japan Machinery Orders Bodes Well for Capex

TOKYO—Japanese machinery orders ticked up in October, an upbeat sign that business investment is holding firm, and may be set take on a greater role in driving economic growth toward the end of the year.
Core orders rose 0.6% in October from the month before, squarely in line with forecasts by economists surveyed by The Wall Street Journal and the Nikkei. That came after a 2.1% decline in September.
The increase is a positive…

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